Nagarjuna Construction Company Ltd has informed BSE that the Executive Committee of the Board of Directors of the Company at its meeting held on September 03, 2009, inter alia, has approved the allotment of 2,77,32,900 equity shares of Rs 2/- each at a premium of Rs 130.46 and aggregating to Rs 367.35 Crores to the Qualified Institutional Buyers (QIBs) pursuant to the Chapter XIII A of the Securities Exchange Board of India (Disclosure of Investor Protection Guidelines), 2000 as amended. With the above allotment the Paid-up Capital of the Company has gone upto Rs 51,31,67,620/- divided into 25,65,83,810 Equity Shares of Rs 2/- each.